Equated monthly installment. An equated monthly installment (EMI) is defined by Investopedia as A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full..
Quote definition, to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. See more.
They are used for proving something, be it a thought, theory, or a vision. It is used to illustrate and give proof. In commerce, it has a very different meaning. âQuote,â in commerce stands for âstating or saying a particular price, usually the current price.â For example, a quotation for a contract. Cite.